Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and with reference to our earlier intimation dated July 28, 2025 regarding the ....
IIFLCAPS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IIFL Capital Services has completed the incorporation of its new wholly owned subsidiary, IIFL Capital (IFSC) Limited, in GIFT City, Gujarat on May 11, 2026. The subsidiary has been authorised with share capital of Rs. 10 crore and received SEBI's No Objection Certificate for the incorporation. The new company will operate as a broker-dealer and distributor under IFSCA regulations for capital market intermediaries. This is a formalization of an earlier proposal announced on July 28, 2025. IIFL Capital has subscribed to 100% of the subsidiary's share capital at face value in cash.
This is a routine corporate action for geographic and business expansion into international financial services. The new subsidiary enables IIFL Capital to offer cross-border financial services from GIFT City's favourable regulatory environment, potentially opening new revenue streams. Minimal direct impact on parent company financials at this stage given the modest capital commitment.